Paradiem LLC Has $7.27 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Paradiem LLC lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 9.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 105,844 shares of the company’s stock after selling 11,304 shares during the quarter. Trip.com Group comprises about 2.0% of Paradiem LLC’s investment portfolio, making the stock its 22nd largest position. Paradiem LLC’s holdings in Trip.com Group were worth $7,267,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Trip.com Group in the third quarter worth $384,000. LMR Partners LLP acquired a new stake in Trip.com Group during the third quarter valued at $18,435,000. Headwater Capital Co Ltd acquired a new stake in Trip.com Group during the fourth quarter valued at $13,732,000. Massachusetts Financial Services Co. MA boosted its position in Trip.com Group by 85.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock valued at $23,478,000 after purchasing an additional 182,403 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Trip.com Group during the third quarter valued at $2,615,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Trading Down 3.0 %

Trip.com Group stock opened at $66.87 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The business’s 50-day simple moving average is $67.41 and its 200-day simple moving average is $57.51. The firm has a market capitalization of $43.07 billion, a PE ratio of 20.02, a PEG ratio of 0.93 and a beta of 0.37. Trip.com Group Limited has a 52 week low of $35.65 and a 52 week high of $77.18.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Barclays lifted their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Benchmark reissued a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, January 14th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday, November 19th. Finally, Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and an average price target of $74.78.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.